Alan Solarsh - How Long Does It Take To Learn Forex Trading

1. Alan Solarsh - How Long Does It Take To Learn Forex Trading? Forex appears to be an easy way to make a living because social media portrays it as a skill you can learn in a few days, trade from your laptop, and make great wealth. However, the realities of forex trading are completely different and not at all what marketers portray them to be. According to Alan Solarsh, as a result, we will take a look at how long it takes to learn how to trade forex in this post. Learning To Trade Forex – It Takes A Long Time The forex market, although it is made to look easy on the web, is hard to do. The forex market is a zero-sum market, so you need an edge to succeed. It's also a very liquid market, so it is renowned for taking money from retail traders, as 70-90% of those who invest in it lose money. Taking out the 70-90% of traders who lose money trying to trade forex, how long does it take the other 10-30% to learn the craft? On average, a student will learn to trade forex in around a year. Nothing ever ends when it comes to the markets. There are always adjustments to make, things to test, changing market conditions, and experimenting with strategies - you never stop learning. In about a year, you should be at least profiting within the market (not losing money). After another 6 months or a year, you should be getting a good level of consistency month after month. Does It Take Long To Learn Forex Without Buying A Forex Course? Many people think that you have to pay for trading education from a professional trader to learn properly. What do you think? Well, no. You will take longer to get all of the necessary knowledge if you learn to trade from free resources such as YouTube, says Alan Solarsh. As a result, online resources tend to be more scattered, and you may miss fairly crucial education on things like risk management, which can hinder your advancement.